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New proposals to tackle corporate tax avoidance.
The European Commission has launched new proposals to tackle corporate tax avoidance. The aim is to stop multinational companies taking advantage of the disparate nature of national tax systems while member states put base erosion and profit shifting (BEPS) into national law.
Key features of the commission’s package include:
- legally binding measures to block the most common methods used by companies to avoid paying tax;
- a recommendation to member states on how to prevent tax treaty abuse;
- a proposal for member states to share tax-related information on multinationals operating in the EU;
- actions to promote good governance on tax internationally; and
- a new EU process for listing third countries that refuse to play fair.
Robin Walduck tax partner at KPMG said: ‘The EU’s anti-tax avoidance package provides considerable material...
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